Interest Rates Archives

US Fed Hikes Interest Rates to 4%

US Fed Hikes Interest Rates to 4% The Federal Reserve unanimously voted on Wednesday to raise its benchmark federal funds rate by 25 basis points to a target range of…

admin September 16, 2026

Politics

Senate Confirms Kevin Warsh as Federal Reserve Chairman

Senate Confirms Kevin Warsh as Federal Reserve Chairman Kevin Warsh Senate confirmation Federal Reserve chair The United States Senate narrowly confirmed Kevin Warsh as the next Chairman of the Federal…

admin May 14, 2026

Business

Judge Approves $425 Million Capital One Settlement

Judge Approves $425 Million Capital One Settlement Capital One settlement approval A federal judge in Virginia officially granted final approval to a $425 million class-action settlement involving Capital One on…

admin April 23, 2026

Chief Judge James E. Boasberg of the U.S. District Court for the District of Columbia denied a request by the Department of Justice to reinstate subpoenas targeting Federal Reserve Chair Jerome Powell on Friday, April 3, 2026. This decision upholds a previous ruling from March 13 which originally quashed the grand jury subpoenas. The government sought records related to a $2.5 billion renovation project at the Federal Reserve headquarters, alleging that Powell had knowingly provided misleading testimony to Congress regarding the costs. However, Judge Boasberg reiterated that the government failed to provide any credible evidence of criminal misconduct. The judge characterized the legal effort as a transparent attempt to pressure the central bank chief into lowering interest rates or vacating his position. According to reporting from MS NOW, the ruling represents a significant setback for the Trump administration’s efforts to exert influence over the historically independent financial institution. The legal battle began in January 2026 when U.S. Attorney Jeanine Pirro issued the subpoenas as part of a criminal probe into the Fed's management of its historic Washington headquarters. Powell responded by releasing an unprecedented video message describing the investigation as a political smear campaign intended to undermine Fed independence. During the proceedings, the court noted a mountain of evidence suggesting that the subpoenas were served with an improper motive. Judge Boasberg wrote that the justifications provided by the Department of Justice were so thin and unsubstantiated that they appeared entirely pretextual. As noted by Al Jazeera, the ongoing investigation has already caused friction on Capitol Hill, with some senators blocking other Federal Reserve nominations until the probe is officially dropped. The denial of the motion to reconsider effectively halts the current investigation unless a higher court intervenes. Prosecutors had argued that new information justified the resurrection of the subpoenas, but the court found these arguments unconvincing. The tension between the executive branch and the Federal Reserve has driven market uncertainty throughout the first quarter of 2026. Critics of the administration argue that the use of grand jury subpoenas for political leverage sets a dangerous precedent for the separation of powers. As detailed by the Guardian, the ruling emphasizes that federal courts will not allow the judicial process to be used as a tool for administrative retaliation. The Department of Justice has expressed its intent to appeal the decision, while the Federal Reserve has declined to comment on the specific details of the ongoing litigation.

Foreign News

Judge Blocks DOJ Attempt to Revive Jerome Powell Subpoenas

Judge Blocks DOJ Attempt to Revive Jerome Powell Subpoenas Jerome Powell DOJ subpoenas rejected 2026 Chief Judge James E. Boasberg of the U.S. District Court for the District of Columbia…

admin April 4, 2026

Foreign News

Gold Plunges and US Dollar Surges on Kevin Warsh Fed Reports

Gold Plunges and US Dollar Surges on Kevin Warsh Fed Reports Kevin Warsh Trump Fed chair nomination market reaction Gold prices suffered a dramatic reversal on Friday, January 30, 2026,…

admin January 30, 2026

Foreign News

US Mortgage Rates Hit Three-Year Low as 30-Year Fixed Drops to 6.06%

US Mortgage Rates Hit Three-Year Low as 30-Year Fixed Drops to 6.06% US mortgage rates January 2026 lowest level United States mortgage rates have fallen to their lowest levels in…

admin January 16, 2026

Foreign News

DOJ Opens Criminal Investigation Into Fed Chair Jerome Powell

DOJ Opens Criminal Investigation Into Fed Chair Jerome Powell Jerome Powell criminal investigation Fed renovation The U.S. Attorney’s Office for the District of Columbia has officially opened a criminal investigation…

admin January 12, 2026

Foreign News

UK Inflation Falls More Than Expected to 3.2% in November

UK Inflation Falls More Than Expected to 3.2% in November United Kingdom inflation fell significantly faster than anticipated in November, reaching its lowest level in eight months and providing a…

admin December 17, 2025